Commercial Real Estate Market in Sault Sainte Marie, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
73 active listings and 1,079 off-market properties in Sault Sainte Marie, MI. Commercial property asks $155/SF to buy and $7.71/SF/Yr to lease.
Market Trends
Sault Sainte Marie, MI spans 156.4 square miles in Chippewa County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sault Sainte Marie, MI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Sault Sainte Marie, MI asks $79/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Sault Sainte Marie, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Sault Sainte Marie, MI asks $93/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Sault Sainte Marie, MI has 23,914 residents in 10,278 households. Density runs 153 people per square mile. Median household income here is $58,878 and median gross rent $790 a month.
23,914
Population
10,278
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
92%
High-School Grad
156.4 sq mi
ZIP Area
153
Density / Sq Mi
$58,878
Median Household Income
$28,341
Median Earnings
$790
Median Rent
$140,026
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sault Sainte Marie?
Commercial property in Sault Sainte Marie, MI asks an average of $155 per square foot. Multifamily carries the highest asking price at $93/SF.
How much does it cost to lease commercial space in Sault Sainte Marie?
Asking lease rates in Sault Sainte Marie, MI average $7.71 per square foot per year.
Where does Realmo's Sault Sainte Marie market data come from?
Realmo compiles Sault Sainte Marie, MI figures from 5 recent recorded sales, 62 active sale listings, 11 active lease listings, 1,079 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 11 active for-lease listings in Sault Sainte Marie, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
